Palin was correct.
New York Slimes
China’s still eating our coal...time to jack up the prices..oh wait...Obama’s closing coal plants left & right...which means coal mines are closing in record numbers....idiot.
nevermind.
I read somewhere that we have about a hundred year supply of shale fuel. So should we try to extract it as fast as possible to keep prices low, or should we pay a little more so it lasts longer for our grandchildren and their families and develop renewable sources with all deliberate speed? Opinion Poll.
Yes. the size of the shale revolution is as big as the initial drilling at spindle top texas. Its also as economically and geo strategically significant as the OPEC embargoes of the 70’s and the decline of US oil production.
The last paragraph says this:
Geopolitically, the shale revolution strengthens the United States, reduces China’s energy dependence, generates a major global stimulus, which takes the Western economies off the fiscal rocks, while potentially destabilizing both the Russian Federation and Saudi Arabia. We must continue to press ahead with it.
The best part is it irritates the hell out of
the 1960s Marxist-Alinsky campus radical, psycho spoiled brats who were celebrated in the establishment MSM as the most intelligent generation ever!. They are now arguably that very establishment that praised them and they hold themselves and their ideological issue in even higher regard.
They include the ruling class New Normal: Ayers, Clintons, Obamas.
They had put a substantial bunch of their eggs into the "renewable energy" flimflam basket to help them "Bring it all down, man."
I think that the author is wrong about this. Russia has a shale formation that is - get this - EIGHTY TIMES the size of the Bakken Play. It's called the Bazhenov Formation. It's located in western Siberia and the area is already criss-crossed with gas pipelines.
http://www.forbes.com/sites/christopherhelman/2012/06/04/bakken-bazhenov-shale-oil/
NYT gets it wrong again....
It was 500,000 barrels of oil at the start of 2012
Now it's 750,000 barrels of oil a day...and expected to top 1 million barrels a day by the end of 2013.
In other news...the Green River Formation holds an estimated 3 trillion barrels with 1 trillion recoverable with today's technology.
As a footnote...1 trillion barrels is about equal to the rest of the worlds known reserves.
save for later
This will bring a war here between the parasite class (in DC) and the producer class. Lets see what new anti fracking regs the affirmative action fools at EPA come up with in 2013 now that we have OBAMA UNCHAINED!!!
NY State already has banned fracking, at least temporarily
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6712230